Things we're reading today include … People NatWest Three trial: Giles Darby 'fundamentally' disagrees with 'torture' outburst from David Bermingham and Gary Mulgrew – The TelegraphGoldman Sachs boss Lloyd Blankfein cashes in $6m profit on options – The Telegraph Companies Cost of winding up Lehman Brothers now close to $1bn – The TelegraphBarclays pays $298m…
Things we're reading today include … People NatWest banker claims he was 'tortured' into pleading guilty over theft of $7.3m from RBS – The TelegraphFormer RBS banker Johnny Cameron returns to the City – The TelegraphTreasury Select Committee chairman Andrew Tyrie: 'How much does your bank cost you?' – The TelegraphHow 'Papa Smurf' threatened to…
Our biggest stories of the week are … Santander’s systems irritate once more The news yesterday that Santander has messed up the conversion of Alliance & Leicester’s core systems to their Partenon platform is really disappointing, particularly as they messed up badly when they tried to migrate Abbey’s core systems to Partenon three years ago….
Things we're reading today include … Companies RBS business customers react to being sold – The TelegraphCredit Suisse cuts 75 bankers as industry faces retrenchment – The TelegraphDe La Rue's boss quits over bank-note scare – The Independent Economies Greece slips back under strain of austerity plan – The IndependentGerman economy grows by 2.2% –…
Things we're reading today include … Companies New York publisher sues UBS over alleged plagiarism – The IndependentBarclays Capital to slash jobs in cost-cuts – Financial TimesBarcap cuts 2pc of global staff as profit surge fails to satisfy – The TelegraphFormer Lehman Brothers staff finding fresh fortune – The Telegraph Markets The gathering storm: Britain's…
Things we're reading today include … BarCap to slash jobs in cost-cuts – Financial TimesHSBC to extend Saturday working and cut sick leave – The TelegraphFed sets the printing press rolling again to juice recovery – The IndependentBank 'to revise' growth forecast – BBCConfidence falters among consumers – The IndependentObamanomics 'not a roaring success' –…
During the past week, the US Magazine Global Post published an amazing series of articles about the insider truth of being a private banker with UBS in Switzerland. The five article series charts the operations of one Bradley Birkenfeld – a Boston-born, high-flying, cross-border banker – at Switzerland’s premier financial institution, UBS. In this role,…
Things we're reading today include … Companies LSE's Turquoise heading into profit – Financial TimesFSA starts investigation into Coutts over AIG-linked savings product – The TelegraphGoldman Sachs under investigation by US and UK watchdogs – The TelegraphFreddie Mac suffers $6bn quarterly loss – The TelegraphFreddie seeks $1.8bn from US Treasury – Financial Times Markets Corporate…
Things we're reading today include … Companies RBS half-year profits hit £1.1bn – BBCRBS rounds off good week for UK banks by returning to profit – The TelegraphKKR funds buy-out of RBS payment arm – Financial TimesFSA starts investigation into Coutts over AIG-linked savings product – The TelegraphFSA exodus adds to concern over City regulation…
Our biggest stories of the week are … Swiss bank implements major austerity measures Walking through the City yesterday, I stumbled across a real jamboree of people just by Liverpool Street. Really weird. Lots of stalls selling food and loads of people queuing for what seemed like hours to get some of it. What's going…
